FINHUB Insights

DIS · Q1 FY26 · Sep 28 – Dec 27, 2025

Walt Disney Q1 FY26: where the revenue came from and where it went

Walt Disney Q1 FY26: revenue $26B (+5% year over year). Net profit $2.4B. Largest cohort Subscription and affiliate fees $9.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 28 – Dec 27, 2025
Reported
Feb 2, 2026 10-Q
Sankey diagram of Walt Disney's income statement for Q1 FY26: revenue of $26 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$26B +5% year over year
Gross profit$9.3B 36% margin
Operating profit$4.6B 18% margin
Net profit$2.4B 9% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 27, 2025).
ItemValueShare of revenueYear over year
Revenue 26 100% +5%
Subscription and affiliate fees 9.8 38%
Theme park admissions 3.3 13% +7%
Advertising 3.3 13% +0%
Retail and wholesale sales of… 2.7 10% +7%
Resorts and vacations 2.4 9% +9%
Content Sales 2 8%
Other 1.3 5% −2%
Merchandise licensing 1.1 4% +4%
Cost of revenue−16.764%
Gross profit9.336% margin−2pp
SG&A−4.116%+0pp
Other−0.62%+0pp
Operating profit4.618% margin−3pp
Tax−1.2
Interest & other costs−1
Net profit2.49%−1pp
Filing on EDGAR More quarters of DIS

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters